Indiana § 30-4-2-17 Valid purposes of charitable trust; selection of purpose or beneficiary
if not specified by trust

Indiana Statutes

§ 30-4-2-17 — Valid purposes of charitable trust; selection of purpose or beneficiary if not specified by trust

Indiana·Art. 4 TRUST CODE·Ch. 2 Rules Governing the Creation of Trusts

(a)A charitable trust may be created for the following purposes:

(1)The relief of poverty.

(2)The advancement of education or religion.

(3)The promotion of health.

(4)Governmental and municipal purposes.

(5)A purpose that is beneficial to the community.

(b)If the terms of a charitable trust do not indicate a particular charitable purpose or beneficiary, the court may select at least one (1) charitable purpose or beneficiary. The selection must be consistent with the settlor's intention to the extent the intention can be ascertained.

(c)The settlor of a charitable trust, among other persons, may maintain a proceeding to enforce the charitable trust.

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(a) A charitable trust may be created for the
following purposes:
(1) The relief of poverty.
(2) The advancement of education or religion.
(3) The promotion of health.
(4) Governmental and municipal purposes.
(5) A purpose that is beneficial to the community.
(b) If the terms of a charitable trust do not indicate a particular
charitable purpose or beneficiary, the court may select at least one (1)
charitable purpose or beneficiary. The selection must be consistent with
the settlor's intention to the extent the intention can be ascertained.
(c) The settlor of a charitable trust, among other persons, may
maintain a proceeding to enforce the charitable trust.

Indiana § 30-4-2-17 (Valid purposes of charitable trust; selection of purpose or beneficiary if not specified by trust) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.